One of the most notable regulatory changes is the implementation of the third phase of the European Union’s Import Control System (ICS2 Release 3), which will take effect on April 1, 2025. This phase applies to maritime, road, and rail transport, requiring more detailed import declarations and enhanced security measures for cargo entering the European Union, as well as Switzerland, Norway, and Northern Ireland. The new system is designed to improve risk assessment and streamline customs procedures, ensuring greater transparency and security across supply chains.
India has made significant strides in strengthening its maritime sector by announcing the establishment of Bharat Container Line, a new national shipping entity comprising a fleet of 100 vessels. This initiative aims to reduce dependence on foreign carriers and boost the country’s shipping capabilities. Additionally, India has introduced a $2.9 billion Maritime Development Fund, which is expected to drive infrastructure improvements and enhance the competitiveness of the Indian maritime industry on a global scale.
Meanwhile, in the United States, lawmakers have proposed the SHIPS for America Act, a legislative initiative aimed at revitalizing the U.S. shipping sector. If passed, the law would require that at least 10% of cargo originating from China be transported on U.S.-flagged vessels, which would also receive priority processing at American ports. The full implementation of this policy is expected by 2029, marking a significant shift in global shipping dynamics.
